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2327 3rd St NE
Score
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Washington, DC

2327 3rd St NE

739K
3 bd • 3 ba • 1,904 sf

This analysis was generated on 2/26/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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List Price

$739,200

Price/Sq.Ft

$388

Year Built

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Prime location: Situated in Washington, D.C., the property offers access to major employment centers, cultural landmarks, and various amenities. • Strong rental market: Median rental rates for 3-bedroom units are $2,299, suggesting a solid rental income potential. • High median income area: With a median income of $98,391, the area supports property values and indicates a strong local economy.

The Bad

• Unknown construction year: The missing construction year makes it difficult to accurately assess the property's condition and potential maintenance needs. Most homes in the area were built before 1950, so this could be a concern. • Limited information: The absence of property features, a description, and room details hinders a comprehensive evaluation, increasing uncertainty for potential buyers. • Active status: While active status implies availability, the listing's lack of detail may indicate challenges in attracting offers or potential issues requiring resolution.

The Ugly

• Potential renovation costs: The unknown construction year and lack of property details could lead to unexpected expenses for repairs or upgrades, especially if the property is outdated. • Competition: Washington, D.C.'s real estate market can be competitive, potentially driving up prices or leading to bidding wars. • Information scarcity: The limited data available increases the risk of overlooking critical issues, necessitating extensive due diligence and professional inspections.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

• Investors seeking rental income: With median 3-bedroom rental rates at $2,299, this property presents an opportunity for consistent cash flow, especially appealing in a market with a high median income ($98,391). • Buyers prioritizing location convenience: Its location in Washington, D.C. offers access to employment hubs, cultural attractions, and transportation. • Buyers comfortable with older homes: This could be a good option if the buyer is willing to take on potential renovations or upgrades.

Not For

• Buyers seeking modern, move-in ready homes: The unknown construction year may imply the need for renovations, which might deter buyers looking for updated properties. • Buyers with strict budget constraints: While the location is desirable, potential maintenance costs associated with an older home could strain a tight budget. • Risk-averse buyers: Limited property details increase uncertainty, making it less attractive to those who prefer comprehensive information before investing.
Demographics
Area Median Income

$98,391

Property History

Price History
Ownership Timeline
$630,000Financed
Aug 3, 2018
Maureen O UmehSheldon Bachstein
Special Warranty Deed
Standard Sale (Purchase/Resales)
$150,000Cash Purchase
Jan 1, 1970
Peggy RuddMaureen Umeh
Deed
Non-Residential Arm's Length Transactions

Sunlight Analysis

Visualize how sunlight affects this property throughout the day and year.

Sunlight Analysis

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Financials

Monthly Costs
Market Rent (3 bed)

$1,589

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$739,200
Price/sqft
$388
Layout
3 bd3 ba
0

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$779,750

5.2%

Your price is 5.2% below average

Median Price

$775,000

4.6%

Based on 6 recent sales

Price per Sq.Ft

$431

9.9%

Your price is 9.9% below average $/sqft

Comparable Properties

643 GIRARD ST NE #1, WASHINGTON, DC 20017
Price: $716,000
Sq.Ft: 1,900
Beds/Baths: 2/3
$/Sq.Ft:
$3772.9%
Sale Date: 11/21/2024
67 NEW YORK AVE NW, WASHINGTON, DC 20001
Price: $890,000
Sq.Ft: 2,040
Beds/Baths: 3/3
$/Sq.Ft:
$43612.4%
Sale Date: 11/23/2024
127 R ST NE #2, WASHINGTON, DC 20002
Price: $840,000
Sq.Ft: 1,617
Beds/Baths: 4/3
$/Sq.Ft:
$51933.8%
Sale Date: 11/29/2024
414 LURAY PL NW #1, WASHINGTON, DC 20010
Price: $695,000
Sq.Ft: 1,600
Beds/Baths: 4/3
$/Sq.Ft:
$43411.9%
Sale Date: 11/6/2024
1431 NEW JERSEY AVE NW, WASHINGTON, DC 20001
Price: $775,000
Sq.Ft: 1,972
Beds/Baths: 3/3
$/Sq.Ft:
$3931.2%
Sale Date: 9/19/2024
433 PARK RD NW #1, WASHINGTON, DC 20010
Price: $762,500
Sq.Ft: 1,800
Beds/Baths: 3/3
$/Sq.Ft:
$4249.1%
Sale Date: 9/13/2024

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